Mar v. Mohr, et al. was filed in a California state court on February 11, 2021 as a putative class action for $170 million in civil damages against alleged co-conspirators of a retirement planning fraudster’s business. Specifically, the complaint alleges
Ponzi Perspectives
Analysis, Impact, and Outlook on Ponzi Scheme Litigation
Ponzi Perspectives, published by McGuireWoods LLP, focuses on legal developments related to Ponzi scheme litigation. The blog tracks and analyzes complaints filed in federal and state courts, covering cases involving traditional and emerging Ponzi schemes, including those related to cryptocurrency, clean energy tax credits, and other alternative investments. It discusses government enforcement actions by agencies such as the SEC and CFTC, as well as civil litigation initiated by defrauded investors and court-appointed receivers. The blog also addresses legal standards for claims against financial institutions accused of aiding and abetting fraud, and provides insights into trends and practical considerations for parties involved in Ponzi-related disputes.
Latest from Ponzi Perspectives - Page 10
New Complaint – Atkins Investment Partnership, et al. v. EisnerAmper, LLP, et al.
Atkins Investment Partnership, et al. v. EisnerAmper, LLP, et al. was filed in the Northern District of California on February 8, 2021, claiming civil damages from an auditor that allegedly aided and abetted its client’s Ponzi scheme by providing false…
New Complaint – SEC v. GPB Holdings, LLC, et al.
SEC v. GPB Capital Holdings, LLC, et al. was filed in the Eastern District of New York on February 4, 2021 by the SEC, alleging violations of federal law in connection with the defendants’ investment business, which allegedly raised over…
Fifth Circuit Holds that Receiver Has Standing to Bring Derivative Claims on Behalf of Investors Harmed by Ponzi Scheme
February 3, 2021 – Rotstain v. Mendez, 2021 WL 359989 (5th Cir.)
On February 3, 2021, the United States Court of Appeals for the Fifth Circuit issued an opinion in Rotstain v. Mendez, holding in part that a receiver had…
New Complaint – Commodity Futures Trading Commission v. Jeremy Spence
Commodity Futures Trading Commission v. Jeremy Spence was filed in the Southern District of New York on January 26, 2021 by the CFTC, alleging violations of the Commodity Exchange Act and corresponding commission regulations. Specifically, the complaint alleges fraud by…
New Complaint – Lovatt, et al. v. Sendera Ranch A2A Developments, LLC, et al.
Lovatt, et al. v. Sendera Ranch A2A Developments, LLC, et al. was filed in Texas state court on January 26, 2021, claiming over $1 million in relief for breach of contract and fraudulent conveyance in the course of an alleged…
Second Circuit Rejects Ponzi Scheme-Related Facilitation Claims against Bank
November 13. 2020 – Heinert v. Bank of America, N.A., 2020 WL 6689287 (2d Cir.)
On November 13, 2020, the United States Court of Appeals for the Second Circuit issued an opinion in Heinert v. Bank of America, N.A. imposing…
11th Circuit Curtails Receivers’ Ability to Bring Ponzi Scheme-Related Claims Against Banks
June 1, 2020 – Isaiah v. JPMorgan Chase Bank, N.A., 960 F.3d 1296 (11th Cir.)
On June 1, 2020, the U.S. Court of Appeals for the 11th Circuit issued Isaiah v. JPMorgan Chase Bank, N.A., a precedential opinion that draws…